| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 55 | 14.0x | 17.8x | Around median | |
Growth | 38 | 6.9% | 7.1% | Bottom tier | |
Quality | 93 | — | — | Top tier | |
Safety | 21 | — | — | Bottom tier | |
Capital Return | 22 | — | 2.12% | Bottom tier | |
Momentum | 86 | 48.1% | 2.9% | Top tier | |
Sentiment | 78 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Credicorp Ltd. is a diversified financial services company operating through an ecosystem that includes universal banking through BCP, microfinance through Mibanco, insurance through Grupo Pacifico, investment banking and wealth management, as well as digital platforms such as Yape, Tenpo, and Culqi. Revenue is generated from net interest income on loans, fees associated with banking and payment activity, foreign exchange transactions, insurance operations, asset and wealth management, and trading; fees grew 15.9% and foreign exchange transactions increased 29.8% year over year in Q2 FY2026.
In FY2024, revenue reached $27.5 billion, compared with $25.7 billion in FY2023, representing growth of approximately 7.0%. Net income rose from $5.0 billion to $5.6 billion, while earnings per share increased from 61.08 to 69.09; this continues the recovery from net income of $334.1 million and earnings per share of 4.36 in FY2020.
In Q2 FY2026, Credicorp recorded a return on equity of 20.3%, a net interest margin of 6.6%, and a risk-adjusted net interest margin of 5.5%, with core income growing 15.1% year over year. The business mix showed broad-based profitability: return on equity reached 29.2% at BCP, 22.9% at Mibanco, 19.1% at Grupo Pacifico, and 23.5% in investment banking and wealth management, while the innovation portfolio contributed 9.9% of the group's risk-adjusted revenue.
The analyst consensus is “Buy,” with an average price target of $434.33 and a wide range between $350 and $480. The average is approximately 5.1% above the 52-week range high of $413.25, while the dispersion of targets reflects differing assessments of Credicorp's ability to achieve a medium-term return of approximately 22% amid El Nino risks and higher provisions and expenses.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Credicorp Ltd. trades on the New York Stock Exchange under the ticker BAP and operates through BCP, Mibanco, Grupo Pacifico, and its investment banking and wealth management businesses. Its revenue comes from loan interest, fees, payments, foreign exchange transactions, insurance, asset management, and trading. In FY2024, revenue reached $27.5 billion, net income was $5.6 billion, and earnings per share were 69.09.
The group generated a return on equity of 20.3%, while the return for the first half of FY2026 reached approximately 21.2%. Loans increased 13.1% and core income rose 15.1% year over year, with a net interest margin of 6.6%. The non-performing loan ratio also declined to 4.1% and coverage reached 117.3%, despite recording approximately $106 million in El Nino provisions.
Yape exceeded 16 million monthly active users in Q2 FY2026, averaging 69 transactions per user per month and achieving a Net Promoter Score of 78. The number of customers who received loans through the platform reached 5.6 million, with credit penetration of approximately one-third of monthly active users. Revenue-generating payment transactions grew 42% year over year, and payments accounted for 45% of Yape's revenue while lending represented 28%.
Automated analysis for informational purposes only — not investment advice.
Credicorp estimates that potentially affected customers represent approximately 9% of the total loan portfolio, and it added approximately $106 million in provisions in Q2 FY2026. These provisions increased the cost of risk by 27 basis points to 1.9%, compared with 1.6% excluding the impact. Management expects the cost of risk to remain within FY2026 guidance even under a severe scenario, but it warned of a potential slowdown in loans and fees in FY2027 if the phenomenon intensifies.
Management raised its FY2026 loan growth forecast to approximately 12%, driven by momentum in BCP retail lending and growth at Mibanco. It also expects high-teens growth in fee income, with the net interest margin and risk-adjusted margin remaining at the upper end of the guidance range. It maintained FY2026 return on equity guidance at approximately 19.5%, with upside potential contingent on the development of El Nino, and set a medium-term expectation of approximately 22%.
The analyst consensus classification in the data is “Buy,” with an average price target of $434.33. Targets range from $350 to $480, indicating clear variation in earnings and risk estimates. The average target exceeds the 52-week range high of $413.25 by approximately 5.1%, while achieving it remains dependent on loan growth, Yape's expansion, and controlling the impact of El Nino.
